Kaori Heat Treatment CoTPE:8996 81 PB Ratio is 27.11 as of Jul. 11, 2026, which is 851% above its 10-year median of 2.85. GuruFocus rates TPE:8996 with a GF Score™ of 81/100 and a GF Value™ of NT$559.57 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,979 Industrial Products companies, Kaori Heat Treatment Co ranks worse than 98.59% on this metric.
The historical rank and industry rank for Kaori Heat Treatment Co's PB Ratio or its related term are showing as below:
TPE:8996'
s PB Ratio Range Over the Past 10 Years
Min: 1.62 Med: 2.85 Max: 35.05
Current: 27.12
During the past 13 years, Kaori Heat Treatment Co's highest PB Ratio was 35.05. The lowest was 1.62. And the median was 2.85.
TPE:8996's PB Ratio is ranked worse than 98.59% of 2979
companies
in the Industrial Products industry
Industry Median: 2.23
vs TPE:8996: 27.12
During the past 12 months, Kaori Heat Treatment Co's average Book Value Per Share Growth Rate was 20.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 25.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 17.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Kaori Heat Treatment Co was 25.30% per year. The lowest was -3.10% per year. And the median was 7.80% per year.
Back to Basics: PB Ratio
Kaori Heat Treatment Co (TPE:8996) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Specialty Industrial Machinery subindustry, Kaori Heat Treatment Co's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kaori Heat Treatment Co PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kaori Heat Treatment Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Kaori Heat Treatment Co's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Kaori Heat Treatment Co (TPE:8996) has a PB Ratio of 27.11 as of Jul. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Kaori Heat Treatment Co and its competitors. This is 851% above median its historical median of 2.85. Over the past decade, Kaori Heat Treatment Co's PB Ratio has ranged from 1.62 to 35.05. According to the industry distribution chart, Kaori Heat Treatment Co ranks #2937 out of 2979 companies in the Industrial Products industry, placing it in the top 98.6%.
Is Kaori Heat Treatment Co's PB Ratio too high?
Kaori Heat Treatment Co's current PB Ratio of 27.11 is 851% above median its 10-year median of 2.85. Over the past 10 years, this metric has ranged from a low of 1.62 to a high of 35.05. The Industrial Products industry median PB Ratio is 2.23. Kaori Heat Treatment Co's value of 27.11 is 1115.7% above this industry median. Based on the distribution chart, Kaori Heat Treatment Co ranks #2937 out of 2979 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Kaori Heat Treatment Co has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kaori Heat Treatment Co's PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Kaori Heat Treatment Co ranks #2937 out of 2979 companies for PB Ratio. This places Kaori Heat Treatment Co in the lower half of its industry. The industry median PB Ratio is 2.23. Kaori Heat Treatment Co's value of 27.11 is 1115.7% above this benchmark. Historically, Kaori Heat Treatment Co's own PB Ratio has ranged from 1.62 to 35.05 over the past decade. While the company's 10-year median is 2.85 vs. the industry median of 2.23, Kaori Heat Treatment Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.23, based on 2,979 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kaori Heat Treatment Co's current PB Ratio of 27.11 is 1115.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Kaori Heat Treatment Co and its competitors. For the Industrial Products industry, the median PB Ratio is 2.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaori Heat Treatment Co's current PB Ratio is 27.11, which is 851% above median its own 10-year median of 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaori Heat Treatment Co stock overvalued right now?
Based on GuruFocus' analysis, Kaori Heat Treatment Co (TPE:8996) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$559.57, compared to a current price of NT$1,230.00 — trading 119.8% above its estimated fair value. The current PB Ratio is 27.11, which is 851% above median its 10-year median of 2.85 and 1115.7% above the Industrial Products industry median of 2.23. Kaori Heat Treatment Co's overall GF Score™ is 81/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Kaori Heat Treatment Co (TPE:8996), the current PB Ratio is 27.11 as of Jul. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Kaori Heat Treatment Co (TPE:8996) Overvalued in 2026?
Based on GuruFocus' analysis, Kaori Heat Treatment Co stock appears to be overvalued.
The current stock price of NT$1,230.00 is trading 119.8% above its estimated GF Value™ of NT$559.57.
GuruFocus considers Kaori Heat Treatment Co to be Significantly Overvalued.
Key valuation signals for TPE:8996:
PB Ratio: 27.11 (851% above median its 10-year median of 2.85)
GF Value™: NT$559.57 vs. price of NT$1,230.00 (119.8% above fair value)
Industry Position: 1115.7% above the Industrial Products median (#2937 of 2979)
No single metric tells the full story. See the TPE:8996 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kaori Heat Treatment Co Ltd specializes in producing mechanical hardware, processing fabricated metals, and manufacturing and developing heat exchange products or thermal products. The Group's factories are established in Zhongli, Kaohsiung, etc. Its operating activities include heat treatment processing of various mechanical hardware and fabricated metals, plate heat exchangers, thermal products, and manufacturing activities. The Group operates in a single operating segment of plate heat exchangers, power generation, and thermal energy products. It operates in Asia, America, Europe, and others. The Group generates maximum revenue from America.
81GF Score
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